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Ripple: The Pot Of Gold At The End Of The Rainbow

By CryptocurrencySep 27, 2018 05:03AM ET
www.investing.com/analysis/ripple-the-pot-of-gold-at-the-end-of-the-rainbow-200345821
Ripple: The Pot Of Gold At The End Of The Rainbow
By   |  Sep 27, 2018 05:03AM ET
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The crypto market has been buzzing with the talk about the ongoing rally in Ripple for three consecutive weeks now. Ripple is probably one the most undervalued digital coins in the entire crypto industry. Just last week on Tuesday the XRP/USD was quoted around 0.27. On Friday, September 21, however, the bulls were ready to pay 0.77 for this altcoin. Just think about it! A 350% profit in just three trading sessions. Isn’t it this long-awaited pump, that the crypto traders are always in search for.

Jumping ahead, it’s worth noting, that the bullish rally is not over yet. Moreover it has only begun gaining its momentum, so everyone still has a chance climb on the bandwagon and be among those who may discover these unlimited profit making opportunities. The likelihood that Ripple will rise further up is extremely high, and this is supported by the recent news background. For the first time in a long time, the Ripple has become a primary driver in the market, even Bitcoin gave away its the status of the leading crypto asset. We can’t ignore this either. Who knows, maybe we are witnessing the emergence of a new market leader.

But is there any booster for another rally? There sure is. Market participants are closely watching the news on Ripple Labs. Rumors are circulating, that Ripple is planning to launch a commercial version of its new product - xRapid, designed to work as a bridge between different currencies and financial institutions around the world. xRapid looks to be a very promising project, which will allow the processing of cross-border transactions faster and much more cheaper. Fast transactions and lower commissions are the main reasons why Ripple looks so attractive to payment providers and remittance companies. Moving XRP from one wallet to another takes seconds. As for Ripple transaction fees, they are almost free. The standard transaction fee is 0.00001 XRP. In January, when Ripple was selling at $3.29, the fee was $0.00003.

There are even more reasons to expect growth in Ripple. We are talking about its recent partnership with PNC, a top ten bank in the United States with over 2400 retail branches in 19 states. PNC joined some other leading financial institutions and adopted Ripple’s xCurrent technology for cross-border and international payments.

Positive news keeps flooding the market, so we have good reasons to anticipate the XRP/USD growth to the previous high of $ 3.3. With that being said, the decision to buy this digital coin should be made now.

Ripple: The Pot Of Gold At The End Of The Rainbow
 

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Ripple: The Pot Of Gold At The End Of The Rainbow

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